New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-09

Erie second 6s were all in good demand in tho face Of
limited supply The fortaco1ng quarterly reP1r Of tho
gain Tor the first half Of It's i.csi year IN .arpas
lpgs over a1Oa charges Of about $4,000 over or
E s@,' ann I ss
rather easier The stock speculation was tame affair
all the week through. The transac tons amounted only
to 1907 1888 shares All tho local influences were put
forth the side of depression and what there was Of
manipulation except IN notable instance was openly
effort to mako the New.York and New,
S to be rees GS failure f
az n"o share: as at 500 par value that stock ws
TONS and with the exception OF Reading double the
amount OF any other stock twas talked down by some
ks nHS 81 at Ens s0S %
per cent below the closing figure =, OF tue
S n oxpcnde Of energy Rsains
ceved the special attention OF the same clique OF eaders
terday reports OF the probable strike of the
20 their aid The stock closed g per cent lower than
week ago Fort Worth and Denver the special feat
the other side OF the market II from 1888 to
62l2 u per cent in one day d6l H. Unquestonaby there
large short interest in this stock with outstanding
contracts in the neighborhood OF 80 to above so. We
not in position 10 locate with absolute certainty
the short interest but there is little question that the
Streets surnises very "hot" The assured per
cent more dividend paying stocks. like Chicago and
Northwestern common and preferred Chicago, NIL
ferred. Chicago. Burlington and Quincy. Chicago
aud Western preferred. Morris and Essex and st. Louis
and San Francisco preferred ruled strong and closed
higher than week OF the remainder OF the list
ally small and not exceeding an hours 1uctuation In an
active market The reports OF earnings for the fourth
week in April of more than onehalf the
roads which make returns show, gains
for the third week in April that less Is heard for the
moment about the interference OF tho Interstate Com
merce law. Everything but local influences and the
tremendous efforts which put forth TO make them
effective Is favorable to the marfet but speculative buy
frightened away and holders maintain their con-
hdence in the situation and look for results which Will
compensate the waiting The result OF last weeks opera
tons unqesonably has created short interest OF no
hut scattered In smaller amounts among the daily traders
The railroad annual reports made during the week were
all OF favorable character and all told the same story
OF increased net earnings by the maintenance OF rates
TO the local With the Interstate law In force whether
not the fourth section shall be more or less modified
by the commissioners. probably have seen the last
OF trunk lines carrying grain and provisions from sI
actual cost OF handling the stu because TO do so Will
make rates upon tho local traffic which
will return net earnings too small to meet the
interest first mortgages Tho Michigan Central and
Canada Southern report shows that they handled IN 1885,
800 less through freight than they did In 1885,
but the earnings the smaller tonnage
$40 600 greater than the larger tonnage OF 1883,
and they carried OF through In 1885, 0S7 less
than In 1885, but with gross earnings on the
smaller number OF $4,000 greater than the
gross earnings from the larger number The
force now with tho addition that 1887 began with the
for both and passengers above the average
OF 1885, while the carly rates OF 1856 were below the
average rates of that whole year.
SubtOned IA usual table giving the highest lowest
and na prices and number OF shares sold for the week.
together with the final prices OF week ago, OF s1tyeight
active representative stocks prexed by the prices OF
May 8, 1856: